Faraday Research

Overall, gold has been grinding higher since the 1046.33 low but since breaking back above $1300 in December, the shiny yellow metal has remained rangebound between 1300-1365. This year we have seen...

Despite a great start to the year and hitting a near 2.5 year high, subsequent price action has left a trail of clues that a top may already be in place. It was the 1st of February that EUR/JPY broke...

Fed Interest Rate Decision FOMC Statement

Since around mid-April the US dollar has moved broadly higher against its peers. One by one we’re seeing majors break or approach key levels, with AUD having now broken December’s low...

Exactly a week ago, we highlighted some of the fundamental and technical signs that EUR/USD’s 16-month uptrend was finally coming to an end.While we were focused on developments on the East side...

Most would agree that 2018 has not proven to be the best start to the year. In fact, by some metrics it’s one of the worst. But as volatility has subsided on the S&P 500 whilst it coils...

The threat of inflation and Fed hikes has pushed US yields higher and, for now at least, we’ve seen the return of the positive correlation with the US dollar. In doing so USD/CHF has broken out...

Plummeting by just under 4% in under seven sessions (as of yesterdays close), the Kiwi dollar is falling like the flightless bird it is named after.It’s the renewed confidence in the Fed’s...

Don’t look now, but the US dollar seems to be officially getting its mojo back!In terms of fundamental factors supporting the greenback, the new-look Federal Reserve has struck a more upbeat...

With a prominent close below the 2016 trendline yesterday, we weigh up the technical picture for AUD/USD to make a potential run towards 0.7500. Original post

EUR/CHF sheepishly ‘broke’ above 1.20 today for the first time since Jan 2015. A level which likely still haunts many trading floors, we ponder whether it will prove to be a breakout,...

Since the February low, USD/CHF has been grinding higher in a rather unsatisfying way. Yet if we are to clear the next technical hurdle nearby, it could open-up the playing field for momentum traders...

Jamie Dutta reviews GBP/USD’s response to a key level of resistance at 1.4344 and the impact of today’s UK inflation data.

The Canadian dollar is the top performer this month ahead of today’s BOC meeting. And although no hike is expected today, CAD could either extend gains or find itself victim to profit-taking...

In a previous post, we highlighted the tendency for USD/CAD to trade lower throughout April using a 10 year seasonal chart. Just over half way through the month and already 2.2% lower, it appears on...

For the best part of seven months, EUR/GBP was confined to sideways range between 0.8689 to 0.9033. But as Thursday’s bearish range expansion takes the cross to an 11-month low, it strongly...